Sky Confirms $150M USDS Liquidity for Spark-Uniswap FX Layer Stablecoin System

SKY2.50%
USDS-0.08%
SPK0.81%
UNI-0.13%
According to Foresight News, Sky (formerly MakerDAO) confirmed today, June 29, that approximately $150 million in liquidity migrated within the stablecoin FX Layer project originates from Sky's USDS ecosystem. USDS serves as the initial pricing asset on the network, providing foundational liquidity for USDS/USDT and USDS/PYUSD pools. Sky, Spark, and Uniswap announced the FX Layer infrastructure on June 25 to provide shared liquidity for multiple stablecoin issuers including PayPal's PYUSD, Ripple's RLUSD, and institutions exploring stablecoin services, eliminating the need for each issuer to independently build liquidity networks.
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